Part II: COVID-19, fictitious capital and financial crisis
The second part of the analysis of the COVID-19 pandemic, share buy back and fictitious capital: A capitalist effort to survive the financial crisis.
Bank Scam
COVID-19, fictitious capital and financial crisis
The COVID-19 isn’t the cause of the quagmire in which capitalism is in at the moment. The pandemic only triggered what was inevitable. An in-depth analysis.
Yes Bank crisis exposed how NPAs are hastening the fall of private banks too
The Yes Bank crisis that drove thousands to uncertainty, proved once more that the private sector banks aren’t immune from NPA-driven major financial crisis
Resist public sector bank privatisation through mergers to save the economy
Nirmala Sitharaman’s decision to merge 10 public sector banks into four big banks is actually a step towards their privatisation, which must be resisted.
The corrupt and the corruption rocks West Bengal
BJP’s dirty politics over scam investigation, especially regarding the Chit Fund Scam of West Bengal will never deliver justice or compensation to victims.
The Jewel Thief: Analysing the PNB Scam by Nirav Modi & Co.
Last week, a shocked India confronted a gigantic banking scam, unprecedented in terms of magnitude and methods employed. A big comprador and crony capitalist, Nirav Modi, who owns a large chain of designer diamond jewellery business throughout the world, along with his partners, duped the second-largest public sector bank of India, Punjab National Bank (PNB), … Read more